Around them, they just see that, my gosh, my standard of living is not improving. I turn on the

TV and it's supposedly the greatest economy of all time in human history. It sure doesn't feel like

the greatest economy of all time in human history. And then we're going through all these boom and

bus cycles. I mean, I used to be relatively well off on paper.

This is maybe a baby boomer in my 401k.

And then that got crushed in the dot com bust.

And then I tried to go into real estate because that was the smart thing to do.

And then I got completely wiped out there.

And so then I went back into the market.

Fortunately, it's gone up.

But now I'm 70 years old and I just can't afford for this market to go down again.

Welcome back to the breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big

picture power shifts remaking our world. The breakdown is sponsored by crypto.com, Bitstamp,

and nexo.io, and produced and distributed by CoinDesk. What's going on, guys? It is Monday, August 3rd, and today we're doing one of my favorite episodes

every month, the best of July guests. It should be a super fun time. And interestingly,

there was a very strong through line in the themes of that show. So I'm really looking forward

to sharing some of the best highlight clips from our guests from July. First, however, let's do the brief. First up on the brief,

we have to talk about the TikTok Microsoft deal as all this happened after hours on Friday. Basically,

President Trump has been loud about his desire to potentially ban TikTok. And there's been a lot of reasons why.

Obviously, this is caught up in the U.S.-China trade war. There have been recriminations and

accusations of TikTok moving data to China, et cetera, et cetera. And this was super accelerated on

...